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Property profile & analytics
OFF-MARKET
Estimated value
$3,050,000
Retail space
11 Northern Blvd 19, Great Neck, NY 11021-4030
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US63-2483898
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1921
Construction
FRAME
Total area
7,300 SF
Lot
0.22 ac (9,600 SF)
APN
02-054-00-0089
UPID
US63-2483898
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Growing Music Studio Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$4.18M
Blend (final)
Blend
$3.05M
Owner & transaction history
1119 Great Neck LLC · 1 yrs held
1119 Great Neck LLC
since 2024
Last sale
$3.1M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$4.8M
+15.3%
Commercial (general)
$4.7M
+13.6%
Industrial (general)
$4.4M
+5.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Great Neck submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Great Neck submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$3,050,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
$2,410,000
6.5%
$2,225,000
7%
$2,065,000
Alternative Use
Use
Estimation
RETAIL STORES
$4,160,000
Current use
AUTO REPAIR, GARAGE
$4,795,000
Change: +15% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,725,000
Change: +14% · Conversion: Easy
INDUSTRIAL (GENERAL)
$4,405,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$3.05M
Range $2.75M – $3.36M · ±10% · vs last sale $3.05M (Sep 26 2024)
Last sale anchor
$3.05M
Sep 26 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$418 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$61,618
Tax year 2024
Assessed value
$25,042
Assessed 2024
Previous assessed
$25,042
+0.0% YoY
Effective rate
246.06%
On assessed value
Assessed land
$4,320
Assessed improvement
$20,722
Total market value
$2,504,200
Applied tax rate
826.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1921
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Total area
7,300 SF
Lot
0.22 ac (9,600 SF)
APN
02-054-00-0089
UPID
US63-2483898
Jurisdiction
NASSAU
Metro division
NASSAU-SUFFOLK, NY METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$4.2M
AUTO REPAIR, GARAGE
Est. value
$4.8M
COMMERCIAL (GENERAL)
Est. value
$4.7M
INDUSTRIAL (GENERAL)
Est. value
$4.4M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1921
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
0.22 ac
Current owner
From public records · entity-resolved
1119 Great Neck LLC
Entity
Mailing address
310 SHR RD, LITTLE NECK, NY 11363-1131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2026
—
1119 Great Neck LLC
—
Deed
related
$960,000 · East West Bank
Sep 26, 2024
$3,050,000
1119 Great Neck LLC
11 Northern Blvd LLC
Bargain And Sale Deed
$1,950,000 · Emerald Creek Capital 3 LLC
Jan 8, 2020
—
11 Nthrn Blvd LLC
—
Deed
related
$400,000 · Korea Times Ny INC
Nov 26, 2019
—
11 Nthrn Blvd LLC
—
Deed
related
$3,900,000 · Emerald Crk Cap 3 LLC
May 31, 2019
—
11 Nthrn Blvd LLC
—
Deed
related
$70,000 · Pako Realty Corp
Nov 29, 2016
—
11 Northern Blvd LLC
—
Deed
related
$400,000 · Newbank
Aug 16, 2006
$5,400,000
11 Northern Blvd LLC
19 Northern Blvd LLC
Grant Deed
$2,535,912 · Nara Bank
—
—
11 Nthrn Blvd LLC
—
Deed Of Trust
related
$70,000 · Pako Realty Corp
—
—
11 Nthrn Blvd LLC
—
Deed Of Trust
related
$400,000 · Korea Times Ny INC
—
—
11 Nthrn Blvd LLC
—
Loan Modification, Consolidation And Extension
related
$3,900,000 · Emerald Crk Cap 3 LLC
—
—
11 Northern Blvd
—
Deed Of Trust
related
$3,442,148 · Bbu Bank
—
—
11 Northern Blvd LLC
—
Deed Of Trust
related
$400,000 · Newbank
—
—
11 Northern Blvd LLC
—
Deed Of Trust
related
$1,200,000 · Nara Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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